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SocietyOne
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SocietyOne

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Scale it like you mean it: Michel Harad on building Australia's leading marketplace lending company. 
Australia's first peer-to-peer lender, SocietyOne, has quite possibly landed one of the best marketing brains in the fintech space, in the shape of Mitchel Harad, former Vice President of Marketing...
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The rise of P2P lending has found a fertile market in Australia. 
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+SocietyOne It won't if you don't approve anyone's loans
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If you think now is a good time to take out a low-interest personal loan, here's an easy to understand guide to help you get started. 
Stay up to date with the latest in Peer to Peer Lending, Personal Loans & rates in Australia with SocietyOne's blog. Read our latest articles & lifestyle tips.
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Don't let those old Christmas and holiday bills get the better of you: here's how to make a full recovery. 
Stay in touch with the latest in Peer-to-Peer lending with news and updates from Australia & around the world through SocietyOne's company blog.
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And that's a wrap! Matt Symons gives the closing presentation on the disruptive impact of financial innovation at the Australian Retail Credit Association's 2014 National conference in Brisbane. 
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Get ready for MoneySmart Week 1-7 September, Australia’s biggest financial literacy initiative. Sign up for your MoneySmart Week challenge today and follow all the events on #MSW14. 
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We're excited to announce the appointment of our new Chief Marketing Officer, Mitchel Harad, the former VP of the world’s largest online marketplace lender Lending Club. Welcome to the team (and Australia mate!)
In a sign Australia's first peer-to-peer lender is about to ramp up for an attack on banks' highly-profitable personal lending books, SocietyOne has hired the architect of the exponential growth at Lending Club, the United States P2P lender that hit public markets late last year in a blockbuster initial public offering.
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Credit cards may be convenient, but too much easy credit can be a slippery slope. Here are some tips to think about before going down the path of plastic. 
Stay up to date with the latest in Peer to Peer Lending, Personal Loans & rates in Australia with SocietyOne's blog. Read our latest articles & lifestyle tips.
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Why do incumbent businesses have such a hard time dealing with digital disruption even when it unfolds right in front of them?
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Matt Symons catches up with Finsia CEO & Managing Director Russell Thomas to discuss digital disruption and financial innovation ahead of his keynote presentation at Finsia's Annual Conference. 
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Double Trouble for the Banks: Apple Pay and Peer-to-Peer lending.
The transformation of the industry is well underway. 
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Great credit card tips from the good people at MyBudget. 
 
10 Things You NEED to Know About Credit Cards

Fiction 1: Credit cards are “designed to suit a range of lifestyle and financial needs” (quote from bank website.)
Fact: First and foremost. credit cards are designed to make money for the bank. Your debt is their profit. They want you to spend up to your credit limit, make just the minimum monthly repayment, increase your credit limit over time and buy other products they offer you.
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Fiction 2: Only careless people get into credit card trouble.
Fact: Credit card stress can happen to anyone. I’ve seen plenty of careful people whose hours got cut at work, or they had an accident, lost their job or had other expenses crop up. Suddenly, their debt became unmanageable and they found themselves falling further behind every month.
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Fiction 3: Credit cards are more convenient and secure than cash.
Fact: You can have the same convenience and security using a debit card that draws cash directly from your account. In fact, most debit cards carry the Visa or MasterCard symbol, which means they can be used in all the same situations as a credit card, but without the risk of interest charges.
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Fiction 4: With a credit card I can keep track of all of my purchases.
Fact: In reality, most people are busy and lose track of their spending more easily when they use a card. Bill shock at the end of the month is not uncommon. Cash is a much better way to keep track of your budget because it’s a visual reminder in your pocket of how much you’ve spent and how much you have left.
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Fiction 5: A credit card comes in handy for emergencies.
Fact: You don’t need a credit card for emergencies—you need savings. Make sure you’re putting money from every pay into a bank account that you keep just for emergencies. Your aim should be to save up the equivalent of about six months’ salary. Don’t worry if your savings start out small; they’ll add up over time.
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Fiction 6: I can save money by buying things on sale when I see them.
Fact: The average discount on retail sales items is about 25 percent, while the average credit card interest rate is around 22 percent per annum. If you’re paying interest on your purchases, any discounts are quickly eaten up by interest charges.
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Fiction 7: I need a credit card to develop a good credit rating.
Fact: A credit card is not the only way to develop a positive credit history. You can enhance your credit rating just by paying your bills on time and by saving regularly.
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Fiction 8: Credit cards are an indicator of wealth and success.
Fact: “Wealth” and “symbols of wealth” are not the same thing. It’s unfortunate that people who appear to be wealthy are often heavily in debt. The true path to wealth is to live within your means.
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Fiction 9: I need a credit card for online purchases.
Fact: You can use a debit card for online shopping and booking hotels—just make sure you get a one that carries the Visa or Mastercard logo. You may need to ask your bank to replace your old ATM card with a debit card instead.
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Fiction 10: I can get free flights and rewards by using a credit card.
Fact: Loyalty programs come at a cost. Firstly, there are usually hefty annual card fees. Secondly, the rewards are not free if you’re paying interest on your purchases. A $3000 credit card balance at 20% per annum will incur $600 a year in interest charges. Suddenly the rewards don’t look so rewarding.

Author +Tammy May 
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56 Pitt St Sydney NSW 2000 Australia
17, 56 Pitt StreetAUNew South WalesSydney2000
+61 1300 144 221societyone.com.au
Financial InstitutionToday Closed
Sunday ClosedMonday 8AM–6PMTuesday 8AM–6PMWednesday 8AM–6PMThursday 8AM–6PMFriday 8AM–6PMSaturday Closed
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Have them in circles
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Maureen Lauren
2 months ago
Out of nowhere, they started sending us mail. Never subscribed and the email address is not advertised, only used for our website back end. I am not sure why people insist on spam to promote their business. Love how they ask you to unsubscribe, as if we subscribed.
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Shane Waite
3 months ago
Not as helpful as you'd think. Still best to go with insured money
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Bru C
2 weeks ago
Poor customer service. Do not respect your privacy, will keep sending junk mail despite repeadedly asking for removal.